JEFFERIES: Investors are loving Nintendo Switch's new games

Shares of Nintendo are up 5.4% this week after the company revealed an extended list of upcoming game releases for its new Switch console.

The stock is up almost 20% since the Switch console was released on March 3.

In a note sent out to clients on Wednesday, Jefferies equity analyst Atul Goyal expressed his approval of the console's new game schedule, and reiterated his "Buy" rating and ¥39,200 ($43) price target on the stock.